Chancery Orders Release Of $3M To Seller Of Boeing Supplier

Law360 (November 1, 2019, 6:51 PM EDT) -- The Delaware Chancery Court on Thursday ordered Accurus Aerospace Corp. to release $3 million previously held in escrow to the founder of a major Boeing Co. aerospace parts supplier it acquired in 2016.

Vice Chancellor Morgan T. Zurn's order resolved a dispute between Accurus, private equity firm Liberty Hall Capital Partners LP's investment arm in the area of aerospace parts supplies, and Bradley E. Julius, the founder of a manufacturer of large, complex precision aerospace parts and assemblies in Kansas.

When Accurus offered Julius $80 million to acquire his company, ZTM Inc., in 2016, ZTM touted itself as Boeing's "second-largest interior...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!